Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.
The S&P 500 gained 3.8 percent for the week, its best in eight, setting the stage for a more bullish mood when markets re-open Tuesday after the [...]
Posts Tagged ‘economic estimates’
Stocks Rally as Jobs Data Spurs Optimism
September 3rd, 2010 by Financial Writer
Tags: Dow Jones Industrial, economic estimates, economists, financial markets, financial system, Nasdaq composite, US Treasuries, wall street
more...20% of Americans hit by major economic loss
July 22nd, 2010 by Financial Writer
A new study released Wednesday estimates that 20% of Americans suffered a significant economic loss last year - the highest level in the past 25 years.
The new Economic Security Index looks at the interaction of three key variables that have a direct bearing on a person’s economic security: income loss, medical expenses and debt.
The index, [...]
Tags: debt crisis, economic estimates, economists, financial, financial markets, financial system, money, us economic, us economy
unemployment will peak at 9.3%
August 25th, 2009 by Financial Writer
In the first quarter of this year, economists at the Conference Board of Canada began to revise down their economic estimates. In October last year, they had predicted that Canada would avoid a recession all together.
Chief economist Glen Hodgson admitted Friday that the board, using a mathematical model to produce its forecasts, had been not [...]
Tags: Canada, economic estimates, unemployment